5) What is customary for painting, etc before a new tenant moves in?

Hi all, Got really lucky and found a deal in Ocean Co, picking it up for $115K, needs about $10K max in work (flooring, paint, cleaning), and will rent for about $1600/mo.  

This property is managed by a PM who filled me in on all this gore and how the carpets are worn out, will need complete paint and so on.

I've networked with an experienced flipper who found the deal and proposes I finance the job, he does most of the work and manages the subs and I take up the painting of the house and lend a hand with some labor. 50/50 split on the exit.  

I'm looking forward to hearing any and all insights you have to help paint a more detailed picture of your city.

It's hard to say without seeing it, but the big things are of course the paint and carpet.

Help see if we should go ahead with this triplex opportunity. 3bed/3 bath 1450 square feet.Currently in due diligence with asking price of $70,000 w/ estimated rehab costs of $80,000 including:-Asbestos Abatement-Paint-New Appliances for Kitchen and Showers-New Boiler/Venting system-Plumbing and Electrical -Header in the basement-New Windows-New Roof-Tree RemovalRents in this area for the single units (400 sq ft) = $700 and one larger unit (800 sq ft) = $900, total = $2300.  

Help see if we should go ahead with this triplex opportunity. 3bed/3 bath 1450 square feet.Currently in due diligence with asking price of $70,000 w/ estimated rehab costs of $80,000 including:-Asbestos Abatement-Paint-New Appliances for Kitchen and Showers-New Boiler/Venting system-Plumbing and Electrical -Header in the basement-New Windows-New Roof-Tree RemovalRents in this area for the single units (400 sq ft) = $700 and one larger unit (800 sq ft) = $900, total = $2300.

The scope of work includes new kitchens, new baths, flooring, paint, and repairing water damage/burst pipes. 

Thinking that we were not going to be able to match them up well enough ourselves (due to weathering), I planned on painting the roof.Back fence was damaged pretty good.